COVID-19 Online Banking Fraud Resources Center

If you have received an email you’re not quite sure about, buguroo Fraud Services investigate the suspicious email or site.

Have you been phished?

The Covid-19 crisis has been exploited by Fraudsters, skyrocketing the number of attacks perpetrated, and our Fraud reduction Intelligence Platform detected an unusually high level of scammers using phishing emails to profit from the coronavirus outbreak.

Phishing campaigns usually begin with a fake email containing a link to an “apparently legitimate” site for the purpose of tricking banking customers and impersonating them, but other phishing techniques are also being used, such as phone calls (Vishing), SMS (Smishing) and social media platforms.

Even though the logos and content of this website may seem authentic, it is a fake banking site, and once users log in and enter their sensitive information (such as bank details), they’ve been PHISHED and their accounts are already compromised.

We have created this site to help companies and members of the public to stay safe at such an uncertain time and to bring you as much information as possible about how to fight online banking fraud effectively during this pandemic.

LATEST WEBINAR

How to defeat online banking fraud techniques during Covid-19?

While nations around the world are doing all that they can to lessen the impact of the coronavirus pandemic, fraudsters – true to form – have identified it as an opportunity to make money and are actively using COVID-19 as a way to cash. Indeed, in February in the UK alone, Coronavirus-themed scams targeting both individuals and companies caused losses of over £800,000 (the equivalent of nearly €1million). There are no depths to which these criminals won’t stop, so we expect them to keep using the virus outbreak to their advantage. This webinar will give you an idea of what to look out for and the most effective way to be protected.

buguroo Phishing Reporting Service

Discover how to report potential phishing campaigns using the buguroo Phishing Reporting Service and help to protect many more people from being affected.

In the unfortunate event that you have received an email you’re not quite sure about, you can trust the buguroo Fraud Services, to investigate. Our fifteen years of experience in fighting fraud means we can provide a foolproof verdict regarding the legitimacy of the site or email.

If we believe it is an illegitimate email or site, we will contact you.

We may share our investigation results with Law Enforcement in case we consider it relevant, in order to help prevent anyone else falling victim to these scams.

buguroo offers the most comprehensive solution available for combatting online banking fraud. Using a combination of Behavioral Biometrics, Malware detection and device assessment technology, we create a unique biometric profile for each user accurately, swiftly and thoroughly, detecting the highest number of online fraud use cases on the market, including but not limited to Phishing, Account takeover, Banking Malware, New Account Fraud.

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More references

Unmasked: International COVID-19 fraud exposedA sophisticated fraud scheme using compromised emails, advance-payment fraud and money laundering has been uncovered by financial institutions and authorities across Germany, Ireland and the Netherlands, as part of a case coordinated by INTERPOL.Interpol

Banks issue warning about Covid-19 scam attemptsThe banking industry here has warned consumers to be on the lookout for an expected rise in online fraud and scam attempts that try to take advantage of the circumstances around the Covid-19 crisis.The Banking and Payments Federation Ireland (BPFI) FraudSMART campaign says people need to be extra vigilant, take their time to do relevant checks and always report suspicious activity to their bank or local Garda station immediately.

Scammers gonna scam: Covid-19 and cybercrimePhishing attacks using coronavirus-led messaging are already on the rise, but scams focussed on panicked money movement, money laundering via cryptocurrencies, money muling and exploitation around business loans are just around the corner, warns leading regtech firm ComplyAdvantage.

Banking fraud, AML and KYC compliance in the era of COVID-19As the new coronavirus continues to spread across the globe, top-down measures are imposed to slow down its effects and minimize potential damages. Countries across the globe are taking diversified approaches to fight against the virus spread. When these measures are combined with the long awaited recession, being hit by a financial crisis in the virus era is inevitable.

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ABOUT THE COMPANY

buguroo provides a complete solution in the market for combatting online banking or financial services fraud. It identifies the highest number of customer identity theft and manipulation attacks, using Behavioral Biometry and Malware Detection to alert upon detection of any anomalous behavior during the entire customer session, including the opening of new fraudulent accounts.